Recently, Sihuan Biological, Jiangsu Sunshine and Weichuang have successively issued announcements, disclosing that Lu Keping, the actual controller of the company, has been investigated by the China Securities Regulatory Commission on suspicion of illegal information disclosure. This news is like a bombshell, stirring up thousands of waves in the market, highlighting the indispensable position of information disclosure in listed companies.
Lu Keping, a giant in the capital market, has now cast a huge shadow on the market due to suspected illegal information disclosure. The announcement disclosed in detail his various violations, including failing to disclose related party transactions as required, controlling and providing funds to relevant ** accounts and equity instruments, and even exercising voting rights at the shareholders' meeting of Sihuan Biotech. These behaviors have seriously trampled on the Administrative Measures for Information Disclosure of Listed Companies and other relevant laws and regulations, and are tantamount to stepping on the rights and interests of investors.
In fact, Rudd's illegal acts are not without a trace. Previously, the CSRC had already penalized him. However, instead of repenting, he intensified his efforts and continued to test on the verge of breaking the law. Being investigated again for suspected violations of laws and regulations in information disclosure is undoubtedly a great condemnation of his personal behavior, and it is also a serious warning to the entire capital market information disclosure system.
Previously, Lu Keping and his concert parties jointly held 5% of Sihuan Biotech** and failed to fulfill their reporting and announcement obligations when each 5% increase, and continued to trade Sihuan Bio** during the trading restriction period. This behavior has seriously affected the company's governance structure and decision-making mechanism. The CSRC's investigation revealed that Lu Keping's illegal acts lasted for a long time, the methods were particularly vile, and the amount involved was particularly huge, seriously disrupting the market order and causing serious social impact. In the end, he was fined 27.34 million yuan and banned from the market for life.
We should condemn and crack down on Rudd's illegal acts. This is not only necessary to maintain market fairness, justice and openness, but also a necessary measure to protect the legitimate rights and interests of investors. It is hoped that through this incident, it can attract the attention of all parties in the market, strengthen the implementation of the information disclosure system, and escort the healthy development of the capital market. At the same time, publicity and education on market laws and regulations should also be strengthened to improve the legal awareness and compliance awareness of market participants.